Cattle Farms

SAS Output Economydoctor. Agriculture and Horticulture. taloustohtori.luke.fi/en/. Data: Luke Profitability bookkeeping results. November 4, 2025

Financial Ratios	Cattle Farms
Financial Ratios	Average	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024E	2025E
Farms represented	29 500	2 730	2 590	2 690	2 950	2 870	2 760	2 710	2 620	2 590	2 490	2 490
Farms in sample	960<n<970	90<n<100	80<n<90	80<n<90	80<n<90	80<n<90	80<n<90	90<n<100	80<n<90	80<n<90	80<n<90	80<n<90
Arable land	95.9	75.6	76.9	87.1	95.2	102.9	98.5	101.9	99.5	104.4	106.7	106.7
Livestock Units	74.5	65.4	64.4	72.9	74.1	76.3	77.6	76.9	79.5	76.4	78.2	78.2
Entrepreneurial Profit	-24 700	-28 700	-40 800	-27 600	-34 700	-31 100	-26 400	-31 200	1 940	-35 200	-12 100	-2 030
+ Wages Claim	41 200	38 700	40 900	41 400	42 500	40 600	38 700	40 800	40 900	42 100	43 300	44 000
+ Interest Claim	20 200	16 600	15 600	14 300	16 500	20 300	18 200	17 500	17 800	29 100	29 400	29 400
Farm Net Income	36 700	26 600	15 600	28 100	24 200	29 800	30 400	27 100	60 700	36 000	60 500	71 400
Profitability Ratio	0.59	0.47	0.27	0.49	0.40	0.48	0.53	0.45	1.02	0.49	0.81	0.95
Return on hour of family work	9.6	7.3	4.3	7.8	6.4	7.7	8.4	7.3	16.2	8.3	14.0	16.7
Return on equity %	2.7	2.1	0.9	1.8	1.7	1.8	2.1	1.7	3.8	3.0	4.9	5.7
Farm Net Income	36 700	26 600	15 600	28 100	24 200	29 800	30 400	27 100	60 700	36 000	60 500	71 400
- Interest Claim	-20 200	-16 600	-15 500	-14 300	-16 400	-20 300	-18 100	-17 500	-17 800	-29 000	-29 300	-29 300
=Earnings	16 500	10 000	10	13 700	7 750	9 440	12 300	9 600	42 900	6 900	31 100	42 000
Hours of family work	2 540	2 480	2 580	2 630	2 650	2 530	2 420	2 550	2 550	2 500	2 510	2 510
=Hourly earnings	6.5	4.0	0.0	5.2	2.9	3.7	5.1	3.8	16.8	2.8	12.4	16.7
Equity	486 600	402 900	393 400	401 200	443 900	512 200	474 700	496 500	548 700	565 600	564 600	564 600
Total assets	736 100	596 700	599 700	663 700	705 100	792 800	760 600	761 900	787 200	806 500	817 200	817 200
Equity ratio	66.1	67.5	65.6	60.5	63.0	64.6	62.4	65.2	69.7	70.1	69.1	69.1
Net Result	4 260	-6 810	-19 200	-4 500	-9 520	-3 290	-1 010	-6 030	27 000	5 810	30 800	40 300
Total assets	721 500	583 000	592 200	657 000	694 400	771 300	743 300	744 800	758 500	794 700	804 300	804 300
Return on assets %	0.6	-1.2	-3.3	-0.7	-1.4	-0.4	-0.1	-0.8	3.6	0.7	3.8	5.0
Standard Output. euro per farm	129 200	95 700	97 300	111 100	114 100	144 300	138 900	143 100	144 300	143 100	145 900	145 900
Farm Net Income per FWU	30 200	21 600	12 700	23 000	19 700	24 200	26 400	22 400	49 100	29 800	49 900	58 900
Farm Net Income per FWU	30 200	21 600	12 700	23 000	19 700	24 200	26 400	22 400	49 100	29 800	49 900	58 900